Canadian mega landlord using AI ‘pricing scheme’ as it massively hikes rents
Canadian mega landlord using AI ‘pricing scheme’ as it massively hikes rents
cross-posted from: https://lemmy.ca/post/28449417
Canadian mega landlord using AI ‘pricing scheme’ as it massively hikes rents
The provincial maximum on rent-controlled apartments last year was 2.5 per cent, but Sharpe’s building has no limit because Ontario Premier Doug Ford removed controls on any rental units built or occupied after November, 2018.
Yet another thing that our Conservative Premier here in Ontario has done, yet the public is still going to blame the federal government.
28That's a shitty move, but people should still request that rent control be a federal law rather than a provincial regulation.
4
Time to sharpen the blades and oil the tracks of the guillotines.
12I had to sell my guillotine so I could afford rent.
12I'll rent you mine. 🤣
10
The Canadian conservatives are systematically destroying this country.
Alberta is already headed down the toilet, Ontario is following close behind...
7Source? In exactly what way is Alberta "heading down the toilet"? Because I just seen a news piece the other day that said there is record movement from every province into Alberta specifically.
-4A few things spring to mind as someone who lives in Alberta:
Alberta is looking at transferring control of some of our hospitals to the catholics (Covenant Health has a former premier and the former health minister on the board of directors, hmm) for a start. UCP has also been eyeballing getting Alberta to leave the CPP.
Can't speak for other cities, but Calgary has been turning into a shit hole for years now. Homeless people and drug addicts are all over the place lately. Rents are spiking just like everywhere else.
Personal anecdote, the last time I had to take transit there was still blood on the wall of the station where a guy had been stabbed a few weeks prior. 2023 was a nasty year for transit stabbings.
8
I don't know, landlords are price fixing but economists all think most rent control schemes are a bad thing for housing and rental markets on the whole as well. It really seems that the only solution to fighting end stage capitalism is to just have the government itself compete in the rental and housing markets.
7Economists? Or right wing economists?
1Just Economists. Rent control accomplishes a very limited amount of goals in an non-ideal way. There's plenty of information available on the internet about the downfalls but it basically all comes down to landlords looking to maximize their returns and doing everything possible to avoid rent control and enshittify things for those already in rent control while at the same time halting private development of any new apartments because they can get greater returns elsewhere...so housing options conversely become more scarce.
1
Edit: Replied in wrong spot.
2It's because of money men like these that I think the guillotine may need to make a comeback.
0